Maharashtra Real Estate Regulatory Authority penalises firm

The Maharashtra Real Estate Regulatory Authority (MahaRERA), in its first action since it came into existence on May 1, yesterday imposed a penalty on a real estate company for "misleading consumers"

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The Maharashtra Real Estate Regulatory Authority (MahaRERA), in its first action since it came into existence on May 1, yesterday imposed a penalty on a real estate company for "misleading consumers".

MahaRERA has imposed a fine of Rs 1,20,000 on Sai Estate Consultant, for advertising unregistered real estate project of Haware Builders, and thereby, misleading the consumers.

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